Out of 26 million Texans, you may have an idea to change the world. You may have had several ideas to change the world. But only a tiny minority of you pushed through the U.S. Patent office from application to successful patent. We've seen Texans change the world many times over. Jack Kilby did it with Texas Instruments in 1958 with the integrated circuit, causing the start of the digital revolution, which, in part, is why you can read these words over your electronic device.
Over the last few years, Texas Business has brought its feature: Texas Business Patent of the Day. This list is of the ones that were either extremely clever, odd or strange. One thing becomes apparent from these patents and the patent that runs daily in Texas Business—Texans have a unique mind set.
Though the history of the Corn Dog is disputed, the State Fair of Texas claims to have introduced the Corny Dog sometime between 1938 and 1942. As a paean to that invention that now sits in the freezer section of every grocery store in the southwest, here are the fried foods the State Fair of Texas has introduced, or tried to introduce, in the last seven years.
Don't get caught up with John Wayne religion. For one thing, he's not Texan. He's in some fine movies involving Texas, most notably The Searchers, but none of his movies can make the best cut of Texas movies. Here's the short list.
Unsung Texas Business Journalists Mention that one is a reporter, and there's a spark of interest. Mention that one is a business news reporter, and watch the eyes glaze over. Except to the players, business and economic journalists are unappreciated. While many wish to become sports reporters when they grow up, most do not realize that business journalists cover the Real Game. Mention that reporter covers business, and watch the eyes glaze over. A toast to these below on the short list and the numerous unnamed ones slogging away. Full Story » TexasBusiness.com
Best Texas Mexican Food: The Short List No, we're not going to debate the difference between Tex-Mex, Mex-Tex, Mexican and Texican food. Just know these establishments are the pinnacle of Texas Mexican fare. No brag, just fact. Full Story » TexasBusiness.com
Best Texas Burgers Texas Burgers. . While a hamburger is merely sustenance and gratification for a meal, the memory a good Texas burger can give rise to Homeric odes. The short list. Full Story » TexasBusiness.com
Texas Business reports: AUSTIN—Campus Advantage, a student housing company, receinlty closed its acquisition of two properties, a $100 million joint venture with one of the nation's largest pension funds.
The first acquisition, Hawks Ridge, formerly The Lodge, in Iowa City, Iowa, serves the students of the University of Iowa.
The property contains 201 units and 561 beds and is 100% occupied. Hawks Ridge is the only large-scale purpose-built student housing in the market, and the University currently master leases 174 beds.
The second acquisition, Crimson Student Living, formerly Sterling Crimson, in Tuscaloosa, Alabama, serves the students of the University of Alabama and Stillman College.
The property is in its first year of operations, opening in August of 2011, and is located in close proximity to campus. The Class A property contains 316 units and 700 beds and is 95% occupied.
The two acquisitions officially placed the remaining equity in a $100 million joint venture with one of the nation's largest pension funds. The joint venture was created in 2007 to source and acquire high-quality student housing assets in close proximity to leading universities nationwide.
Currently, Campus Advantage has acquired seven properties, totaling 1,540 units and 4,749 beds in Texas, Florida, Missouri, Kansas, Iowa and Alabama. The portfolio has an average occupancy of more than 99%.
Debt financing for the joint venture's acquisition was sourced through Berkadia Commercial Mortgage, utilizing both agency and life insurance company lenders.
"We are excited to add these two communities to a strong portfolio of leading student housing communities nationwide," said Campus Advantage executive Michael Orsak in a prepared statement. “Our joint venture with one of the nation's largest pension funds has been very successful and we look forward to a long-term relationship.”
Campus Advantage currently manages nearly 30,000 beds at 50 communities in 20 states.
Campus Advantage is an Austin-based real estate firm that offers higher education management, development, acquisition and consulting services.
The Texas News Scrawl is a handy reference to stories Texas Business recommends from other news sources. Some of the stories that Texas Business currently suggests include: Southwest Airlines wants American Airlines’ two gates at Love Field; Rule could mean lights out in Texas; Free encyclopedia called in lawyers after 300 'sock puppet' accounts were traced to Texas firm; The economics of Marfa; Famed Austin Nightclub Is Sold; Cinemark opening Movie Bistro in El Paso; Blockbuster Fades Out, But Some Texas Zombie Stores Will Live On; IBM debuts major new Austin design studioMexican Coke to Go the Way of Dublin Dr Pepper;and more.